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SEC Brings Increased Confusion For Investors With New 'Best Interest' Rule
An almost decade-long discussion to further consumer protections took a step today, but not necessarily a step forward. The SEC commissioners voted on June 5 to push forward a final rule aimed at expanding and clarifying the roles of a fiduciary advisor and that of a broker. While some will say this new rule pushed forward the fiduciary standard, it could be setting the stage for even more consumer confusion and a watering down of the highest legal standard of care across financial services. Regards, Ted https://www.forbes.com/sites/jamiehopkins/2019/06/05/sec-brings-increased-confusion-for-investors-with-new-best-interest-rule/?ss=etfs-mutualfunds#75544dc3270b
